Compositedge was started 18 years back in Bangalore . Mr.Mukesh Patel, Mr.Brijesh Patel(Former Indian test cricketer) & Mr. Satish Dutt are Directors of the Company. Mr Brijesh Patel is now the CEO of IPL team of Royal Challengers. They provide trading in NSE,BSE,MCX & NCDEX.

The trading platform they provide is NEST for MCX trading and NOW for NSE trading. For detailed review of the trading platform, please read our review here.

Brokerage Charges : The Brokerage charges provided by Compositedge is very competitive and they charge Rs. 18/- per trade irrespective of the volume of the trade. It comes down to Rs 15/- if you trade more than 1000 trades. This would mean whenever you cross 1000 trades the brokerage will be reduced to Rs.15/- automatically. This offer is for Lifetime. To give you details about the brokerage for 1lot(options) of NIFTY.

Name of the Charge

Amount

Brokerage Buy

18

Brokerage Sell

0

S T T

0

Transaction Charges

2.25

Service Tax

2.503

SEBI Charges

0.003

Total Charges

22.756

They don’t provide any unlimited plan which is offered by other Discount brokers

You can open your Demat account also with them as they have their own DP. Even outside Demat accounts can be linked to their Trading account. You will have to provide Client Master Report to them and authentication letter for doing that.

Account opening Charges and other fees associated with maintaining the account

Account Opening Charges

Rs.300/- for Online Application
Rs.500/- for Request an Application.

Service Tax

12.36% On Brokerage and Transaction charges

Transaction Charges

0.00375% on Cash and Futures segment
0.075% on premiums for Options
0.003% on Currency Futures.

Stamp Charges

Rs.50/- or 0.01% whichever is lower on turnover as per Govt. of Karnataka

SEBI Fees

0.0001% on Cash,Futures,Options and Currencies

Security Transaction Tax

0.1% on Cash Delivery (Buy or Sell)
0.025% on Cash Intraday on Sale.
0.017% on Futures on Sale.
0.017% on Options on Sale(on Premium only)

Online trade confirmation

Free

Online account statement

Free

Paper account statement / confirmation

Rs.50/-

Online Funds Transfer to us

Rs.15/- per transaction.

Funds Pay-out Charges

Free

Cheque withdrawal

Free (Courier Charges Rs.30/-).

Cheque Bounce Charges

Rs.100/-.

They also provide Call & Trade services for a charge of Rs 18/- . They even provide a chatting service for their customer for a quick resolution of their problem.

One feature which differentiates them from other brokers is that they provide Algorithm based trading. What it means is that you can create a trading system for automated trading. Professional traders or High frequency traders can choose the Fully Automated Trading Facility which they are offering with Symphony systems.

Retail Traders or normal traders can make use of the Semi Automated Trading or Assisted Auto Trade. There is a separate charge of Rs 1090 for getting the data for this service but if you generate more than Rs 2500 trade per month, you just have to pay Rs 90 for it.